VANCOUVER, British Columbia, March 29, 2005 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTCBB:MSEV) wishes to report that it has been informed by the operator that the Pembina Prospect well is currently being prepared to be perforated. If all goes according to schedule, the perforation of the first prospective pay zone should take place within the next 1-3 days.
The operator on the Martex Prospect in Texas is finishing the Stuart No. 60-8 well preparation to complete a nitrogen frac. This frac is now scheduled to occur within the next 7-14 days barring any unforeseen issues. As soon as the frac has been completed initial flow rates from the well should be known. This prospect has yielded five successful wells out of five to this point. MSEV has already paid the cost for this well as well as the remaining two other wells that are expected to get underway as soon as this one is completed.
Bernie McDougall, president of MSEV stated, "We could have initial results as soon as the next few days on the first well on this new exciting Alberta prospect. With results on the 6th Texas well expected next week, the next few weeks could be a very important period of growth for MSEV. We are looking forward to receiving the results from these two prospects shortly."
MSEV is an emerging oil and gas company that has both oil and gas producing properties. MSEV's goal is to become a mid-range oil and gas producer that focuses on the exploration, discovery and delivery of gas and oil to the North American marketplace. MSEV currently has 16 independent sources of oil and/or gas revenue. MSEV's production is from ten oil wells in Canada, and six wells producing oil and/or gas wells in Texas. MSEV is presently involved in multiple oil and gas prospects, and continues to look for additional projects that would contribute to building MSEV's market capitalization.
If you have any questions, please call MSEV at (604) 646-6903. If you would like to be added to MSEV's update email list, please send an email to info@micronenviro.com requesting to be added.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at www.SEC.gov. For all details regarding working interests in all of MSEV's oil and gas prospects or any previous news releases go to the SEC website. You should independently investigate and fully understand all risks before making investment decisions.